Quarterly report pursuant to Section 13 or 15(d)

Share Based Payments (Tables)

 v2.3.0.11
Share Based Payments (Tables)
9 Months Ended
Jun. 30, 2011
Share Based Payments [Abstract]  
Restricted Stock Activity
Changes to restricted stock for the nine months ended June 30, 2011 were as follows:

         
Weighted-
 
         
average
 
         
grant-date
 
   
Shares
   
fair value
 
Non-vested at September 30, 2010
    437,442     $ 36.06  
Granted
    199,960       30.79  
Vested
    (58,030     38.42  
Expired or forfeited
    (1,173     34.72  
Non-vested at June 30, 2011
    578,199       34.00  

Stock Option Activity
The transactions for shares under options for the nine months ended June 30, 2011 were as follows:

               
Weighted-
       
         
Weighted-
   
average
   
Aggregate
 
         
average
   
remaining
   
intrinsic
 
   
Shares
   
exercise price
   
contractual term
   
value
 
Outstanding, September 30, 2010
    953,326     $ 36.32              
Granted
    -       -              
Exercised
    (60,299 )     26.03              
Expired or forfeited
    (13,914 )     36.77              
Outstanding, June 30, 2011
    879,113       37.02       4.3     $ 2,770  
Exercisable, June 30, 2011
    518,927       35.74       3.9     $ 2,298  

Non-vested Options Activity
The transactions for non-vested options for the nine months ended June 30, 2011 were as follows:

         
Weighted-average
 
         
grant-date
 
Non-vested shares:
 
Shares
   
fair value
 
Non-vested at September 30, 2010
    366,179     $ 13.54  
Granted
    -       -  
Vested
    -       -  
Expired or forfeited
    (5,993 )     11.20  
Non-vested at June 30, 2011
    360,186       13.58  

Assumptions Used in Estimating Fair Value
The following table indicates the assumptions used in estimating fair value of restricted stock for the nine months ended June 30, 2011 and 2010.

   
Nine Months Ended June 30,
 
   
2011
   
2010
 
Expected volatility
    30.0 %     30.0 %
Dividend yield
    1.0 %     .8 %
Average risk free interest rate
    1.2 %     2.3 %
Average expected term (years)
    2.0       2.2